Reported about 1 year ago
Converting a 401(k) to a Roth IRA can help avoid required minimum distributions (RMDs), but there are important considerations to weigh. The article discusses the potential benefits and drawbacks of making this conversion, including tax implications and strategies to minimize the impact of conversion taxes, especially for those near retirement age. It also provides insights on managing RMDs and the importance of seeking advice from a financial advisor when making these financial decisions.
Source: YAHOO